Profit and Loss SSC MTS Questions

SSC MTS-Numerical and Mathematical Ability

Profit and Loss MCQ Questions


7.
A manufacturer earns a profit of 10% on selling his products to a wholesale dealer. The wholesale dealer earns a profit of 15% by selling it to a retailer. The retailer, in turn, earns a profit of 25% from the customer. What is the actual cost of production of an article for which the customer pays ₹12,650?
SSC MTS 2021-04.09.2023-1
A.
₹8,000
B.
₹8,500
C.
₹9,000
D.
₹7,000
😑 View Answer Rough Work Error
ANSWER :
A. ₹8,000
8.
A grocer produced 50 kg of sugar at Rs.40 per kg and mixed with 70kg of suger at 30 per kg. At what rate should he sell the mixture (per kg) to gain 20% ?
SSC MTS 2021-04.09.2023-2
A.
₹60
B.
₹20
C.
₹35
D.
₹41
😑 View Answer Rough Work Error
ANSWER :
D. ₹41
9.
A grocery seller mixes two varieties of tea costing ₹300 per kg and ₹160 per kg in such a ratio that by selling this mixture at the rate of ₹187 per kg the shopkeeper earns 10% profit. In what respective ratio does the grocery seller mix the two varieties of tea?
SSC MTS 2021-04.09.2023-2
A.
2:13
B.
13:03
C.
13:02
D.
1:13
😑 View Answer Rough Work Error
ANSWER :
D. 1:13
10.
A person buys a table fan for 2,800 and sells it at a loss of 12%, What is the selling price of the table fan?
SSC MTS 2021-04.09.2023-2
A.
₹2,466
B.
₹2,468
C.
₹2,462
D.
₹2,464
😑 View Answer Rough Work Error
ANSWER :
D. ₹2,464
11.
The marked price of mustard oil is 10% more than its cost price. At what % less than the marked price should it be sold to have no profit and no loss?
SSC MTS 2021-04.09.2023-3
A.
\(9\tfrac{3}{11}\%\)
B.
\(9\tfrac{2}{11}\%\)
C.
\(9\tfrac{1}{11}\%\)
D.
\(9\tfrac{4}{11}\%\)
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ANSWER :
C. \(9\tfrac{1}{11}\%\)
12.
A store sells an item for 500, making a profit of 25%. Later the store reduces the price of the item by 20% to clear out old inventory. What is the new percentage profit or loss for the store?
SSC MTS 2021-04.09.2023-3
A.
2% profit
B.
5% profit
C.
5% loss
D.
No profit, no loss
😑 View Answer Rough Work Error
ANSWER :
D. No profit, no loss